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Old November 30th, 2011, 12:37 PM   #801
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Chery seems have a good management. But their biggest disadvantage is their ugly brand name. I wonder why their CEO and thousands of workers are unaware and ignorant about this "very noticeable" issue.
Ah..Chery unveiled its another high end brand Qoros yesterday. Hope this brand wont be zapped out of existence by other brands in a couple of years.



http://www.chinacartimes.com/2011/11...l-brand-heard/
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Old November 30th, 2011, 06:37 PM   #802
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Qoros, I like the name. I heard it's a JV between Chery and Israel Corp. Probably it will be good. Btw, I'm completely blank about the popularity of Chinese car brands in mainland market. I have some questions:

Does it sell well lately?

I wonder what is the consideration of mainland Chinese people to buy Chinese car brand beside of cheap price?

Does someone here own one of them?

What is your opinion about it?


Thank you for the answers.
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Old November 30th, 2011, 10:03 PM   #803
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The domestic brand cars now take up 30+ percent of auto market of China (not counting the commercial vehicle market of which domestic brands actually capture more). The higher value for money is definitely the primary reason the Chinese consumers take into account when buying a car, but there's no denying the fact that the product quality and safety are enhanced fast. When you go around inland cites or outskirts of eastern megacities, you'll see more of domestic brand cars on the street. For my part of all Chinese models, I like GWM 4X4 Hover the best, the man's toy.
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Old December 1st, 2011, 07:45 PM   #804
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Visteon to sell interiors unit to Chinese JV
Reuters | 2011/12/1



DETROIT -- U.S. auto parts supplier Visteon Corp. said it has signed a tentative agreement to sell the majority of its interiors business to its Chinese joint venture with Huayu Automotive Systems, creating a global automotive interiors company.

The joint venture, Yanfeng Visteon Automotive Trim Systems Co., designs and manufactures interior, exterior, seating, electronics and safety systems for automakers.

The partners have signed a memorandum of understanding, and the companies hope to sign definitive agreements early next year, Visteon said in a statement.

Visteon did not disclose any financial terms.

The new company would have an estimated annual revenue of $4 billion (25.5 billion yuan), serving more than 30 customers from facilities in 16 countries, the company said.
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Old December 1st, 2011, 07:46 PM   #805
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Chery, Valeo form lighting partnership
2011/12/2

Chery Automobile Co. has formed a partnership with French supplier Valeo SA to produce lighting products.

The partnership, Wuhu Valeo Automobile Lighting Systems Co., will design, manufacture and sell lights. Its primary customer will be Chery.

In recent years, Chery has formed partnerships with suppliers such as ArvinMeritor, Robert Bosch GmbH and Siemens VDO, as well as Exxon Mobil and PPG Industries.

In China, Valeo has three technical centers and 18 factories that produce lighting products, climate control systems and other components.

Valeo aims to boost annual sales in China and India to 1 billion euros (8.6 billion yuan) by 2013 and 25.7 billion yuan by 2020.

Valeo SA, of Paris, ranks No. 21 on the Automotive News list of the top 100 global suppliers with worldwide parts sales to automakers of 50.6 billion yuan in 2010.


Chery JV to launch car sales in China, Europe in '13
2011/12/2

SHANGHAI -- Qoros AutoCo., a 50-50 joint venture between Chinese automaker Chery Automobile Co. and Israeli company Israel Corp., plans to start selling vehicles in China and western Europe in 2013.

Qoros, previously known as Chery Quantum Auto Co., unveiled its vehicle brand (also called Qoros) and a sedan prototype in Shanghai on Monday.

Three models will go on sale in 2013 and 2014. "The first product will be compact sedan and its rivaling models will be the Toyota Corolla and the Volkswagen Sagitar," Guo Qian, Qoros chairman, told Automotive News China.

It will be followed by a hatchback and an SUV. The vehicles will be built on a platform developed for the company by Magna Steyr.

"These products will be developed according to European standards and they will be sold in China and some European countries," Guo said, without naming the countries.

"Ninety-five percent of our suppliers are top-tier suppliers in the world," he added. Apart from Magna Steyr, other suppliers include TRW Automotive Holdings Corp., Continental AG, Robert Bosch GmbH and Valeo SA.

The vehicles will be built at Qoros' plant in Changshu in east China's Jiangsu province. The plant can produce as many as 150,000 vehicles a year.

Qoros has 300 employees at its r&d center in Shanghai and its Changshu plant. The r&d center's work force is expected to reach 1,500 people over the next two years.

Chery is a state-owned automaker in Wuhu of east China's Anhui province. It is China's largest vehicle exporter. Israel Corp. is an Israeli conglomerate.

Last edited by 7freedom7; December 1st, 2011 at 07:52 PM.
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Old December 1st, 2011, 07:53 PM   #806
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Great Wall's Bulgaria factory plans Feb. startup
2011/12/2

SHANGHAI -- Great Wall Motor Co., China's largest SUV maker, expects its joint venture assembly plant in Bulgaria to start producing vehicles in February.

The factory, in the northern Bulgarian town of Lovech, is a joint venture between Great Wall and Bulgaria's Litex Motors Co.

"The first vehicle to be assembled at the plant will be the Haval SUV, which will be followed by the Wingle pickup and Voleex sedan later next year," said Roger Gao, a manager at Great Wall's international division.

The vehicles will be assembled first with semi-knockdown, or SKD, kits and later with complete knockdown, or CKD, kits shipped from China, Gao said. The vehicles will be sold under Great Wall's brands.

The plant, which will eventually build as many as 50,000 vehicles a year, is expected to assemble "a few thousand" vehicles in 2012, according to Gao.

"Its vehicles will be only sold in Bulgaria in the next two years," Gao said. "The plant will start to export vehicles to other eastern European countries such as Albania," he added.

In Europe, Great Wall exports vehicles to Italy. It also has a CKD plant in Russia.

It also has more than 10 SKD and CKD plants in Southeast Asia, the Middle East and Africa.

In the first 10 months of this year, Great Wall sold 282,000 vehicles globally, up 28 percent year-on-year, according to J.D. Power and Associates.
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Old December 2nd, 2011, 07:47 AM   #807
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Quote:
Originally Posted by 7freedom7 View Post
The domestic brand cars now take up 30+ percent of auto market of China (not counting the commercial vehicle market of which domestic brands actually capture more). The higher value for money is definitely the primary reason the Chinese consumers take into account when buying a car, but there's no denying the fact that the product quality and safety are enhanced fast. When you go around inland cites or outskirts of eastern megacities, you'll see more of domestic brand cars on the street. For my part of all Chinese models, I like GWM 4X4 Hover the best, the man's toy.
So, what is the main reason why domestic brand didn't dominate in city market?

Is it because of costly government car plate license, so car only limited to rich people?

Or because even poor and medium income people in big city still fear to buy domestic brand?
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Old December 6th, 2011, 02:07 PM   #808
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Foreign brands got into China back in late 1970s and not long afterwards, they almost 100% monopolized the Chinese market in the 1980s-1990s, whereas only 10 years ago did quiet a few domestic brands spring up when the passenger car market began booming at that point. So to an ordinary customer, which one will they prefer if the budget isn't a problem? I wager most of them would pick the comparatively high quality, well-branded products.

The license plate fees are only costly in Shanghai where the extra fee is taken, about RMB 40,000 . However, the people living in shanghai can register their cars in the towns outside of Shanghai municipality then the license plate fees are only RMB 500 or so.
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Old December 6th, 2011, 02:13 PM   #809
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French oil giant Total constructs lubricant plant in Tianjin
2011/12/6

French oil giant Total broke ground last week for a large lubricant plant in the north China city of Tianjin.

The 30 million euro (280 million yuan) factory will start production in the first quarter of 2013.

The plant will produce up to 200,000 tons of lubricant products a year for automotive powertrains, motorcycles and industrial equipment, Total said in a statement.

The company already owns and operates lubricant plants in the south China city of Guangzhou and the east China city of Zhengjiang.

The Tianjin plant will supply customers in China's northern and western regions, the company said.
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Old December 6th, 2011, 02:15 PM   #810
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Chinese bank may join Saab rescue deal
Automotive News Europe | 2011/12/6

Saab's owner, Swedish Automobile, said on Monday it is in discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab.

Media reports said on Sunday that the Bank of China, the country's fourth-largest bank by market value, would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection.

Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

"The discussions include a short term solution to enable Saab Automobile to pay November wages and continue reorganization. The outcome of the discussions is still uncertain," it said.

A new investment deal could help pave the way for General Motors Co. to approve a new ownership structure for Saab. GM sold the money-losing brand to Swedish Automobile, then called Sypker Cars, in 2010 and still has preferential shares in the carmaker.

GM said in November it would stop supplying components and technology if Youngman and Pang Da succeeded with their bid to buy Saab, amid fears that GM's technology could fall into the hands of competitors.

Youngman and Pang Da had pushed for full ownership of Saab, replacing an earlier plan by Swedish Automobile CEO Victor Muller for the Chinese companies to take a combined 53.9 percent stake in Swedish Automobile, but no stake in Saab.

On Nov. 30, GM executives held talks with Saab's court-appointed administrator Guy Lofalk in Detroit, reported China Business News, a Shanghai-based daily newspaper.

GM asked Pang Da and Youngman to acquire no more than 20 percent of Saab each, reported the newspaper, citing an unnamed Pang Da source.

On Sunday, SaabsUnited, an enthusiasts Web site, said that the Bank of China would take a 29.9 percent stake in Swedish Automobile with Youngman holding 19.9 percent and Swedish Automobile retaining the remaining 50.1 percent. The Web site said the information came from its contacts within Saab.

A source familiar with the latest deal told Reuters that Youngman and the Bank of China will together own just under 50 percent of Saab.

Saab was not immediately available for comment on Monday when contacted by Automotive News Europe.

Cash-strapped Saab is currently under court protection from creditors after unions representing the carmaker's employees began proceedings to put it into bankruptcy over unpaid wages.

Pang Da operates auto dealerships in China, while Youngman produces commercial vehicles, including buses and trucks, and sells cars under the Lotus brand.

GM operates in China in a partnership with state-run automaker SAIC Motor Corp.

Reuters contributed to this story.
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Old December 7th, 2011, 07:46 PM   #811
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Geely will start selling cars in the United Kingdom next year
2011/12/7

[IMG]http://t2.************/images?q=tbn:ANd9GcSVdmWDl39yf-I8fYavgN9avT2GW_kRYpQ4CHaLaa_2Cdc8saBNPRF4XfkN[/IMG]

Zhejiang Geely Holding Group Co. said it will launch new-car sales in the UK next year, with the longterm aim of matching the success of Korean brands Hyundai and Kia.

Geely will start sales of its EC7 compact car at the end of 2012 through a new distribution company called Geely Auto UK. Manganese Bronze Holdings, which partners with Geely to build London black cabs in England and China, will set up the distribution company and a UK dealer network.

The EC7 will be priced from 10,000 pounds (99,000 yuan). Initially it will be offered with a 1.5-liter or 1.8-liter gasoline engine and a five-year, 170,000km warranty. The car recently earned a four-star rating by crash test organization Euro NCAP.

Geely Auto UK Marketing Manager Maria Holmes said the company aims to sell 1,000 units of the EC7 in 2013, the first full year of sales. Volume will increase in the mid- and long-term as new models go on sale, she said.

The Chinese automaker plans to introduce at least one new model in the UK every year for the next four to five years.

The company also is looking at launching sales in other European markets but the plan is to become established first in the UK with the help of Manganese Bronze Holdings, Holmes told Automotive News Europe. Geely plans to recruit 30 to 40 dealers in the UK for the brand's launch.

Geely said its UK sales operations will be separate from those of Volvo Cars, which Geely bought from Ford Motor Co. in 2010. Geely Auto UK is based in Coventry, central England, and shares offices with Manganese Bronze Holdings' London Taxi Company.

Manganese Bronze Holdings CEO John Russell said in a statement: "We are all aware of the success that Kia and Hyundai have had in the UK and we can work with Geely to achieve similar success in the future."
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Old December 13th, 2011, 08:19 PM   #812
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BYD-Daimler set to roll out electric concept at Beijing show



Last year, Daimler and China’s BYD started a 50:50 research and technology joint venture called “Shenzhen BYD Daimler New Technology Co Ltd” (BDNT) that will develop an electric vehicle in and for China. BDNT is now ready with its first concept, which will be shown at next year’s Beijing show in April.

The Beijing show will see BDNT showcase its green vision, the new brand’s identity, including brand name, logo and positioning as well as the Concept Car’s exterior and interior design. The production fully electric vehicle is scheduled to be launched a year later in 2013.

In fact, work on the production model has started. The Shenzhen-based JV is said to be making good progress, and work on building the first prototypes has started with the target to have them running by spring next year. The JV will use BYD’s battery tech and e-drive systems plus Daimler’s know-how in EV architecture and safety. BDNT says that Daimler’s quality philosophy has been incorporated from a very early stage.

Production of the new generation of compact to mid-size electric vehicles will be done with Daimler’s quality management experts and will “to a large extent” follow Daimler’s standardised production system for passenger cars. Supplier sourcing for the new vehicle is nearly completed.
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Old December 16th, 2011, 12:40 AM   #813
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Foton to assemble vehicles in the Philippines
2011/12/16



Beiqi Foton Motor Co. will assemble passenger vehicles and trucks in the Philippines for sale locally and in other Southeast Asian markets, according to a local media report.

The Chinese company has signed a $20 million (128 million yuan) land lease agreement to build an assembly plant on the island of Luzon, about a two-hour drive from the capital of Manila.

The plant will be built in three years, reported the Philippine Star, a local news portal.

Foton, a major light-vehicle manufacturer, sells imported pickups, vans, minibuses and light trucks through 14 dealerships and 63 service centers in the Philippines.

The company is pursuing aggressive expansion outside China. It is building a truck assembly plant in India. In November, Foton disclosed a plan to build sales outlets in Kenya, Indonesia and Australia.
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Old December 16th, 2011, 12:42 AM   #814
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Better Place, China Southern Power Grid open EV battery-swap center in
2011/12/16



GUANGZHOU -- Better Place, a U.S. battery recharging company, this week joined with China Southern Power Grid Co. to open an electric vehicle battery-swap center in the south China city of Guangzhou.

The 1,900-square-meter center near a major local auto mall is the first of its kind in south China, Better Place said in a statement.

The center offers automated EV battery swapping, with an entire switch taking less than five minutes, Better Place said.

State-owned China Southern Power Grid is required by the Chinese government to build EV infrastructure in five south China provinces: Guangdong, Guangxi, Guizhou, Yunnan and Hainan.

Better Place aims to build a network of EV charging stations, leasing batteries to customers for use in their vehicles.

In 2010, the California company signed an agreement with Chery Automobile Co. to develop switchable-battery EV prototypes in China.
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Old January 3rd, 2012, 06:03 PM   #815
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FAW opens assembly plant in Ethiopia
2012/1/3



Tianjin FAW Xiali Automobile Co., a small-car subsidiary of China FAW Group Corp., has opened an assembly plant in the east African country of Ethiopia.

The plant in Adama city, also known as Nazret, in central Ethiopia assembles FAW's small vehicles from semi-knockdown kits imported from China, FAW Xiali said in a statement.

The factory, FAW Xiali's first assembly plant outside China, opened in December and can build as many as 2,000 vehicles a year. The plant's first product will be the Xiali N5 subcompact, according to the company.

FAW Xiali produces small cars under its Xiali and Weizhi brands.

In the first 11 months of 2011, the company's sales declined 4 percent year-on-year to 235,939 units, according to LMC Automotive.

Great Wall Motor Co., Lifan Industry (Group) Co. and Zhejiang Geely Holding Group Co. also operate assembly plants in Ethiopia, the second-most-populous country in Africa.
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Old January 3rd, 2012, 06:06 PM   #816
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Chery's 2011 exports soar to record 160,000
2012/1/3



Chery Automobile Co., China's largest vehicle exporter, said its vehicle exports in 2011 reached a record high of 160,000 units, up 74 percent from the previous year.

The Chinese automaker expects to expand its exports in 2012. It has 13 assembly plants overseas that produce vehicles from kits exported from China. It also has two new plants in Brazil and Venezuela.

In contrast to its robust exports, Chery's domestic sales are relatively weak. In the first 11 months of 2011, total sales -- including exports -- dropped 5 percent year-on-year to 871,700 units, according to LMC Automotive.

Chery has yet to disclose its domestic sales for 2011.
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Old January 6th, 2012, 09:34 AM   #817
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JD Power: Chinese Brands Narrow Gap In Quality
BYD F0 and Pentium B70 Grab Top Spots
January 6, 2012 at 4:29 am

JD Power recently released its vehicle reliability study for 2011. The study indicates that, from 2010, Chinese brands made huge strides in quality…narrowing the gap with foreign brands. Overall, Chinese brands narrowed the gap by a whopping 34% compared to their foreign rivals over the past year.

The vehicle reliability study measures eight categories of issues ranging from the power-train to exterior paint quality from 13-36 months of ownership. Figures are given in terms of Problems Per 100 Vehicles (PP100), thus a lower number indicates higher quality. China’s overall vehicle score came in at 218 PP100 in 2011, compared with 298 in 2010.

China’s own brands clocked in at 309 PP100, having decreased by 135 PP100 since the previous study.

BYD’s FO came in first place for the compact vehicle segment with the FAW Pentium B70 scoring highly in the premium midsize segment.
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Old January 9th, 2012, 07:43 PM   #818
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Chery, SK Telecom set up telematics lab in China
2012/1/10



HONG KONG -- Chery Automobile Co. has built a laboratory with South Korea's SK Telecom Co. to develop a telematics service for Chery's vehicles, reports Korea's Yonhap news service, citing the automaker.

The two companies have spent three years preparing to launch their telematics venture, according to Yonhap.

"We seek to develop smart vehicles that will enable mobile phone-controlled driving, using the top South Korean telecom operator's technology," said Chen Anning, vice general manager of Chery Automobile.
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Old January 9th, 2012, 07:48 PM   #819
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Huaxiang unit acquires U.S. trim supplier
2012/1/10

Lawrence Automotive Interiors Ltd., the United Kingdom subsidiary of China's Ningbo Huaxiang Electronics Co., has acquired Northern Engraving Corp., a U.S. supplier of decorative trim.

Northern Engraving, founded in 1908, supplies trim and automotive badges to Ford Motor Co., Volvo Car Corp., General Motors, Tesla Motors Inc. and others.

Northern Engraving, of Sparta, Wis., did not disclose the acquisition price. But Chinese media said it was $90 million (569 million yuan).

Lawrence Automotive, of Nottingham, U.K., makes wood veneer panel and was acquired by Huaxiang in 2007.

Huaxiang, which is in the east China city of Ningbo, mainly supplies the Chinese joint ventures of Volkswagen AG, GM and Ford. In 2010, Huaxiang posted a profit of 420 million yuan on revenue of 3.3 billion yuan.
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Old January 11th, 2012, 09:04 PM   #820
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Shandong Heavy Buys Italian Luxury Yacht Maker Ferrati
By REUTERS
Published: January 10, 2012

JINAN, CHINA — The machinery maker Shandong Heavy Industry Group sealed a deal Tuesday to take a 75 percent stake in the debt-laden Italian luxury yacht maker Ferretti, the latest in a series of Chinese acquisitions of European brands.

...

Shandong Heavy makes construction machinery, power systems, commercial vehicles and automobile parts. It is the parent of the diesel engine maker Weichai Power, whose shares are listed in Hong Kong and Shenzhen. Shandong Heavy had operating income of 107.6 billion renminbi, or $17 billion, in 2010.

Ferretti, which owns the Pershing, Riva and Ferretti Yachts brands, ranked first in the 2011 Global Order Book, the benchmark annual report on the nautical industry by the magazine ShowBoat International.

,,,

http://www.nytimes.com/2012/01/11/bu...aker.html?_r=1


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